US Trade Balance narrowed to $40.9 billion in April
Latest report showed that the goods and services deficit in USA was $40.9 billion in April, down $9.7 billion from $50.6 billion in March, revised and better than forecasted deficit of $43.9 billion. April exports were $189.9 billion, $1.9 billion more than March exports. April imports were $230.8 billion, $7.8 billion less than March imports.
The April decrease in the goods and services deficit reflected a decrease in the goods deficit of $9.3 billion to $60.7 billion and an increase in the services surplus of $0.4 billion to $19.8 billion. Year-to-date, the goods and services deficit increased $1.5 billion, or 0.9%, from the same period in 2014. Exports decreased $18.0 billion or 2.3%. Imports decreased $16.5 billion or 1.8%.
After the figures were released USD added few points against its major rivals. Aussie is currently being traded around 0.7760 area, euro is few points above 1.1120 level, while Sterling is around 1.5260 area. Later today, Non-Manufacturing PMI data is scheduled for a release.
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